The Indiana State sentinel. [volume] (Indianapolis) 1868-1895, 1887-01-05
Financial Aifairs-Business at New York Stock
Exchange Moderately Active,
A Majority of the Stocks Being Small Fractions
Higher Than on Friday Evening.
Business in Railroad Bonds Moderate Final
Prices Showing Irregular Changes.
Local markets-An Grades of Wheat Higher
and in Active Demand-COrn Firm
Oats and Hay steady-Rye Quiet.

NEW YORK. Jan. 3.-Money call quiet at
4@S per cent, closing at per cent.
Prime Mercantile Paper-617 per cent.
Sterling Exchange-Quiet but steady at 1907
for 60 days and 4S4 for demand.
The total sales of stocks to-day were S69,SS7
shares, including Canada Southern, $3.50; Della
ware, Lackawanna and Western, IS, 9O6; Erie,
1880; Kansas and Texas 1850; Lake Shore IL $50;
Louisville and Nashville, Is, l35; Missouri Pacific.
$500; Northwestern, 800; New Jersey Central,
81 500; Reading, 1900; St. Paul. 1890; St Paul
and Omaha, $3.50; Texas and Pacific, 1850;
Union Pacific, 1900; Western Union, 30.5l5: Rich
mond and West Point, 42,9O0; Hooking Valley.
3,735.
Government and State bonds were dull and
steady.
The stock market was moderately active only,
most OF the business being done in spot. There
was little or no foreign trading the closeness of
the markets leaving no margin for arbitrage
business. The coal stocks and the Southern
stocks monopolized most OF the interest and
many rumors in regard to the latter were cir
culated, although the statement that General
Alexander was practically of election to
the presidency Of the Georgia Central Railroad
was the most important item of news, the senti-
ment being that closer relations with Richmond
and West Point would follow, and the latter,
strongest stock in the list. There was very little
doing in the Changers and Vanderbilts, although
the latter were helped somewhat by the Nickel
Plate decision late in the day. Western Union was
feature, being active and strong throughout, the
improvement being accompanied by the renewal
OF rumors of developments favorable to the
company. The opening generally strong,
first prices showing advances of Kos over FRI
DAVIS closing figures. There was active trading
during The first hour, and the dealings were &C.
eompanied by considerable feVerishness and ir-
regularity.
The entire market finally yielded, Richmond
and West Point beirg especially noticeable for
the decline established. The same state OF affairs
continued, with several short reactions, until
after p. m, when general upward movement
took place, which gathered force toward the close
and the market closed moderately active and
strong close to the best prices reached. The
net result of the days transactions is that ma
iority OF the stocks are smaller fractions higher
than on Friday evening. There were only two
important advances, Jersey Central, 15s and
Reading, rs FER cent.
There was a moderate business in railroad
bonds Sales, 81, 10000. The decision in the
company the special feature and the trust re-
eeipts, on total business OF s27S OO0 declined ~
per cent. to 1884, while the seconds declined per
cent. to 20. Denver and Rio Grande fours were
also conspicuously active. Fluctuations in the
general list were slight and final prices show ir-
regular changes. Denver and Rio Grande West.
ern assented rose 2per CENT to &c, and Greenbay
frsts per cent. to 100.